We like to offer our clients certainty on fees. We do this by charging fixed or capped fees, wherever possible.
We operate a different model to most traditional law firms, in that the majority of our solicitors have been qualified for at least 10 years. We offer a very practical, personal service and our fees reflect this.
Our standard hourly rates are:
We charge for our time in units of 6 minutes, so £26 per unit for partners, £22 for associates and £10 for paralegals.
All fees shown on this page exclude VAT, which will be charged at 20%.
Where we agree a capped fee, we will charge for the work on a time basis up to the capped amount.
A fixed fee means that we will charge the agreed fee, irrespective of the amount of time spent on the project.
Where the project or transaction does not reach its conclusion (i.e. you or another party decides to withdraw), we will charge for our work on a time basis at our hourly rate. The total fee will not exceed the agreed fixed or capped fee.
We do not have a set fee-scale for commercial property work. However, we typically charge fixed fees of:
For very simple matters, we may agree to charge less. For very high value properties, we may also agree to charge lower percentages.
Where we offer a fixed fee, we will set out the scope of the work in our client engagement letter. If the transaction takes longer than anticipated, for reasons beyond our control, we will still charge the agreed fixed fee.
If you ask us to do work outside the agreed scope, then we will provide another quote for that additional work. The additional quote may be fixed or charged on a time basis - we will agree it with you before starting the additional work.
For clients who prefer to pay on a time basis, we are always happy to do so and we will never spend longer on a matter than is required. We will charge at the hourly rates set out above, unless we agree to lower rates in our client engagement letter.
For commercial property work, timescales vary a great deal. It might be possible to conclude a simple lease in one week but many transactions take 1 - 3 months. We will always try to manage your expectations and work to your preferred timescales.
As a commercial law firm, we do not typically deal with residential conveyancing for people moving home. However, we do act on the following types of residential transaction:
Our fixed fees start at £850 for a freehold purchase or sale. For purchases, we charge an additional fee of between £500 and £750 to deal with your lender and its solicitors.
We charge an additional fee of £250 for leasehold properties (typically flats), as there is more to do than with a freehold property.
For residential properties with a price of £1m or higher, our fees will usually be fixed at between 0.20% and 0.25% of the price.
For complex transactions, we reserve the right to quote a fixed fee which reflects the complexity (see Additional Fees below).
Here are some examples of our typical fees for residential conveyancing:
Our fees always include dealing with your stamp duty land tax (SDLT) return and registration at the Land Registry.
From time to time complexities can arise and in those circumstances you may be charged additional legal fees. We will advise you of any additional fees before they are incurred.
Typical circumstances where additional fees may be incurred are:
The precise stages involved in the sale/purchase of a residential property vary according to the circumstances.
Typical stages in the sale of a residential property include:
Typical stages in the purchase of a residential property include:
The members of our team listed below may work on your residential conveyancing matter. Regardless of who works on your matter, they will be supervised by either Imdaad Sulaiman or Richard Spencer.
Our residential conveyancing team is comprised of:
You will also have to pay disbursements. These are costs payable to third parties. You should budget for the following:
Land Registry title documents: £3 per document / Total cost is usually £9 - £15
For leasehold properties, you may also have to pay the following:
Most residential transactions take 8 to 10 weeks. If there is no chain, it is possible to complete much more quickly. We often complete in 4 to 6 weeks.
In 2019, we completed on a house purchase for a cash buyer in 3 days. We are known for being fast property conveyancing solicitors.
Below are our costs in relation to undisputed business debts on a single instruction basis (if we are asked to handle multiple debts we will adjust our fees accordingly). We will either work on a fixed fee or on an hourly rate basis, depending on what is more appropriate for your case. If the other party disputes your claim at any point, we will discuss with you your options and/or what additional work may be required and what costs might be involved. This might be on a fixed fee or on an hourly rate if more extensive work is required.
We charge a fixed fee of £250 plus VAT for sending the debtor a letter claiming payment in writing and sending you a copy of the response received. To prepare that initial letter we will need the following information from you:
There are two processes you can use to try to recover an undisputed debt:
Court action is commenced by filing at court a claim form with details of the claim and payment of the court fee. Once the court has served the proceedings the debtor has 14 days to respond (or if they file an acknowledgment of service 28 days). If they don’t respond, you can apply for judgment in default. The main benefit of using the court action process for undisputed debts is that it gives you access to the court’s enforcement methods. The most likely to be of benefit are:
Due to the varying complexity of the work at this stage, we will adopt an hourly rate charge for this work which will operate on a sliding scale depending on the value of the debt. Our fees listed below are an indication of the maximum fee we anticipate based on the varying debt values and how far the matter progress. We will ensure we provide you with a clear view of the total cost and will keep you updated about costs at all times.
Our fee includes the following:
Points to note:
The undisputed amount of the debt must exceed £750. This process often places greater pressure on the debtor to make payment as if successful the company is wound up and a liquidator is appointed. However, it is not appropriate in many instances.
It can be used as an alternative to the court claim or used after obtaining judgment (most use it as the alternative).
There is no requirement for the service of a statutory demand (see below), but it helps to serve one as it gives you another opportunity to extract payment by placing pressure on the debtor.
Due to the varying complexity of the work at this stage, we will adopt an hourly rate charge for this work on the same sliding scale as set out above. Again our fees listed below are an indication of the maximum fee we anticipate based on the varying debt values and how far the matter progresses. We will ensure we provide you with a clear view of the total cost and will keep you updated about costs at all times.
Our fee includes:
Things to note:
Matters commonly take approximately 4 weeks from receipt of instructions to receiving payment from the debtor. Where proceedings are necessary it can range from 3-6 months from the letter before action to enforcement of judgment and/or a winding up of the debtor.
Most other dispute resolution and litigation work is carried out on a time basis at £260 per hour.